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. Section of the Corporations Act establishes the priority for debts and claims that ‘must be paid in priority to all other .
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CORPORATIONS ACT SECT Priority payments Subject to this Division, in the winding up of a company the .
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Learn the priority of creditors in liquidation, including secured claims and employee en.lements. Review unpaid debts and .
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Shareholders are last in the priority order because they take on the risk of the company’s failure. Shareholders will .
